9,000 Shares in Equity Bancshares, Inc. (NASDAQ:EQBK) Acquired by Alps Advisors Inc.

Alps Advisors Inc. purchased a new position in Equity Bancshares, Inc. (NASDAQ:EQBK - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,000 shares of the bank's stock, valued at approximately $355,000. Alps Advisors Inc. owned 0.05% of Equity Bancshares at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Equity Bancshares by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,158 shares of the bank's stock valued at $346,000 after purchasing an additional 322 shares during the period. Invesco Ltd. raised its position in shares of Equity Bancshares by 1.5% during the 4th quarter. Invesco Ltd. now owns 26,266 shares of the bank's stock valued at $1,114,000 after purchasing an additional 387 shares during the period. Legal & General Group Plc raised its position in shares of Equity Bancshares by 3.0% during the 4th quarter. Legal & General Group Plc now owns 14,033 shares of the bank's stock valued at $595,000 after purchasing an additional 414 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Equity Bancshares by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 113,013 shares of the bank's stock valued at $4,794,000 after purchasing an additional 721 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Equity Bancshares by 14.4% during the 4th quarter. MetLife Investment Management LLC now owns 9,079 shares of the bank's stock valued at $385,000 after purchasing an additional 1,145 shares during the period. 71.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, COO Julie A. Huber sold 4,000 shares of Equity Bancshares stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $39.10, for a total transaction of $156,400.00. Following the completion of the sale, the chief operating officer owned 57,688 shares in the company, valued at $2,255,600.80. This trade represents a 6.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.

Equity Bancshares Price Performance

Shares of NASDAQ:EQBK traded down $0.56 on Friday, reaching $39.79. The company's stock had a trading volume of 86,694 shares, compared to its average volume of 62,651. Equity Bancshares, Inc. has a 52-week low of $32.95 and a 52-week high of $50.85. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $40.43 and a 200 day simple moving average of $40.49. The company has a market cap of $696.96 million, a P/E ratio of 10.00 and a beta of 0.78.

Equity Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. Equity Bancshares's payout ratio is 14.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on EQBK shares. Keefe, Bruyette & Woods raised their target price on shares of Equity Bancshares from $44.00 to $45.00 and gave the company a "market perform" rating in a research note on Wednesday. DA Davidson lifted their price objective on shares of Equity Bancshares from $39.00 to $44.00 and gave the stock a "neutral" rating in a research note on Wednesday. Janney Montgomery Scott initiated coverage on shares of Equity Bancshares in a research note on Thursday, April 3rd. They issued a "neutral" rating for the company. Finally, Piper Sandler dropped their price objective on shares of Equity Bancshares from $46.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Equity Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.80.

About Equity Bancshares

Equity Bancshares, Inc operates as the bank holding company for Equity Bank that provides a range of banking, mortgage banking, and financial services to individual and corporate customers. The company accepts various demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate, commercial lines of credit, working capital, term, equipment and aircraft financing, acquisition, expansion and development, borrowing base, real estate construction, homebuilder, agricultural, government guaranteed, and other loan products.